HDFC Bank has completed its merger with Centurion Bank of Punjab, making it one of the largest banks in India. HDFC Bank's CEO, Sashidhar Jagdishan, stated that the bank can now create a new bank its size every four years following the merger. The bank's stock rose by 2% on the NSE following the news. HDFC Bank is an attractive investment opportunity in light of its current rapid growth trajectory and attractive valuations, according to analysts. Foreign broking firm Morgan Stanley views the stock as a compounder and encourages investing in it at this time.
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